29_35x90 knx_35x90
CBSLA WEATHER APP: iPhone App Store | Android App Coming Soon | More Info | Watch Josh's Live Demo

Local

How Much Will It Cost To Raise A Child In 2011?

View Comments
Photo Galleries

LOS ANGELES (CBS) — The cost of raising a child continues to climb and parents starting a family this year should be prepared to shell out hundreds of thousands of dollars before their kid even turns 18.

According to the U.S. Department of Agriculture, children who were born in 2010 will cost a middle-income family nearly $227,000. The kicker — that number does not include college tuition.

According to the study, the highest price hikes were in child care, education, health care and transportation.

In 1960, when the first report was issued, it cost slightly more than $25,000 to raise a child to the age of 18.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 2,334 other followers